The takeover of Sidac SpA enables the Schur Flexibles Group to expand its network on the Italian market by adding a strong centre of excellence for customized and high-quality packaging solutions. With its commitment to sustainability, the modern production plant in Forli near Bologna also complements the growth strategy of Schur Flexibles Group in Europe.
With a workforce of 120 employees and an annual revenue of about EUR 34 m last year, Sidac has been a successful manufacturer of flexible packaging since 1929, particularly in the food, beverage, confectionery and animal feed segments. The product portfolio primarily encompasses complex laminates supplied on reels and used in the ready-to-eat convenience food and pet food segment (stand-up pouches). This comprises a market segment generating dynamic growth thanks to the reduction of material use while maintaining a high level of functionality as a sustainable packaging alternative.
Michael Schernthaner, CEO of Schur Flexibles, explains: “Italy is a significant growth market for us as a European player. Due to the acquisition of Sidac, we have gained an established partner for our regional expansion in Italy. In this case, we can perfectly complement our competencies in the field of flexible packaging solutions in the food industry”.